...Salem Telephone Company Case No. 9-104-086 Group #4 John Pipkin Resean Crawley Chan Srinivasa Brian Hamilton Question 1 The fixed cost associated with Salem Data Services are: Item Expenses Space cost: Rent Custodial services Equipment costs Computer leases Maintenance Depreciation: Computer equipment Office equipment and fixtures Wages and salaries Operations: salaried staff Systems development and maintenance Administration Sales Sales promotion Corporate services Total January February March $ $ 8,000.00 $ 1,240.00 $ 8,000.00 $ 1,240.00 $ 8,000.00 1,240.00 $ 95,000.00 $ 95,000.00 $ 95,000.00 $ 5,400.00 $ 5,400.00 $ 5,400.00 $ 25,500.00 $ 25,500.00 $ 25,500.00 $ 680.00 $ 680.00 $ 680.00 $ $ $ $ $ $ $ 21,600.00 12,000.00 9,000.00 11,200.00 7,909.00 15,424.00 212,953.00 $ $ $ $ $ $ $ 21,600.00 12,000.00 9,000.00 11,200.00 7,039.00 15,359.00 212,018.00 $ $ $ $ $ $ $ 21,600.00 12,000.00 9,000.00 11,200.00 8,083.00 15,236.00 212,939.00 The variable cost associated with Salem Data Services are: Item Equipment costs Power Wages and salaries Operations: hourly staff Total January $ $ $ February March 1,697.00 1,546.00 $ 7,896.00 $ 9,442.00 $ 1,485.00 $ 7,584.00 $ 8,664.00 9,069.00 $ 10,361.00 Question 2 The revenue hours associated with the variable costs are linked to the figures in Exhibit 1 January Number of weekdays (M-F) X 24 hours per day Number of Saturdays X 8 hours per day Total hours available for revenue Revenue hours Intracompany Commercial...
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...Práctica 1 1.- Descripción del aparato y principio de funcionamiento. [pic] • 1. Mordazas para medidas externas. • 2. Mordazas para medidas internas. • 3. Sonda para medida de profundidades. • 4. Escala con divisiones en centímetros y milímetros. • 5. Escala con divisiones en pulgadas y fracciones de pulgada. • 6. Nonio para la lectura de las fracciones de milímetros en que esté dividido. • 7. Nonio para la lectura de las fracciones de pulgada en que esté dividido. • 8. Botón de deslizamiento y freno. El calibre, también denominado cartabón de corredera o pie de rey, es un instrumento para medir dimensiones de objetos relativamente pequeños, desde centímetros hasta fracciones de milímetros (1/10 de milímetro, 1/20 de milímetro, 1/50 de milímetro). En la escala de las pulgadas tiene divisiones equivalentes a 1/16 de pulgada y en su nonio de 1/128 de pulgadas. El inventor de este instrumento fue el matemático francés Pierre Vernier (1580 - 1637 ), y la escala secundaria de un calibre destinada a apreciar fracciones de la unidad menor, se la conoce con el nombre de Vernier en honor a su inventor. En castellano se utiliza con frecuencia la voz nonio para definir esa escala. Consta de una "regla" con una escuadra en un extremo, sobre la cual desliza otra destinada a indicar la medida en una escala. Permite apreciar longitudes de 1/10, 1/20 y 1/50 milímetro utilizando el nonio. Mediante piezas especiales en la parte superior y en su...
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...http://ocw.mit.edu ____________ MIT OpenCourseWare 15.963 Management Accounting and Control Spring 2007 For information about citing these materials or our Terms of Use, visit: ________________ http://ocw.mit.edu/terms. 15.963 Managerial Accounting and Control Spring 2007 Prof. Mozaffar Khan MIT Sloan School of Management Main Line vs. Basinger Selected Filmography Kim Basinger Sherilyn Fenn Novel Romance (2006) Dream Warrior (2004) Darkness Falls (1999) Outside Ozona (1998) Boxing Helena (1993) Backstreet Dreams (1990) The Wild Life (1984) 2 The Sentinel (2006) Cellular (2004) 8 Mile (2002) L.A. Confidential (1997) The Getaway (1994) Batman (1989) Hard Country (1981) 15.963 [Spring 2007] Managerial Accounting & Control Main Line vs. Basinger Evaluate the defense argument that Mazzocone “has a duty under the law to minimize his loss, and this does not include going out and making a picture knowing you are $2m short. At what stage in the negotiations did Basinger withdraw? If late, it is possible some costs were contractual obligations (such as rights to script) at the time, and these obligations were assumed with the presumption of Basinger participating. Managerial Accounting & Control 3 15.963 [Spring 2007] Main Line vs. Basinger What were Mazzocone’s options following Basinger’s withdrawal? Do not make movie – this assumes all costs sunk. Make with another...
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...Precision Part Inc. is looking to do business with other international companies. One of the countries that Precision part is interesting in is Germany. In order to do business in Germany, it is important to understand their business ethics and laws. By understanding the law at hand, it would give Precision Part Inc. a better understanding on how Germany conduct business and also to make sure the company is ethical. A few international countries believe in corruption. Corruption can consist of bribery and nepotism. Bribery is more common in underdeveloped countries that are looking for additional income to bring in. Bribes are expected in many countries, the United States’ 1977 Foreign Corrupt Practices Act prohibits payments made to foreign government officials with the aim of gaining or maintaining business (Here Comes the Bribe). The Foreign Corrupt Practices Act was updated in 1998 after bribery was banned from Germany. Now the Foreign Corrupt Practices Act applies to foreign firms and persons who cause an act in making such a corrupt payment within the United States territory (Foreign Corrupt Practices Act). Bribery is another way of saying extorting money from someone. Bribery is when money or something value is promised to, given to, or taken form an individual or company in attempt to sway someone decisions. Nepotism is more of a government corruption. Government will use their powers for dishonest gains or illegal means. German engineering conglomerate Siemens...
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...Numerical Precision by John Nelems Professor Lu CIS512 Strayer University January 26th, 2014 Floating Point Format for storing floating numbers in memory Numeric precision and representation are very familiar discussions in computer science. The way that numbers are stored and represented in a computer system has to be represented correctly in order to avoid costly mistakes. Numbers are stored as binary numbers in computerized system. Floating point numbers are expressed as the product of two parts: the mantissa and a power of two. For example: ± mantissa x 2 exponent The mantissa represents the binary digits of the floating number. The power of two is represented by the exponent. The stored form of the exponent is an 8 –bit value ranging from 0-255. The mantissa is a 24-bit value (represents about seven decimal digits) that has a most significant bit (MSB) that is always 1 and not stored. Also, it has a sign bit that indicates if the floating point number is positive or negative. Floating point arithmetic is one of the most widely used ways of representing real numbers in today’s computer systems. The use of floating point arithmetic provides the following benefits: speed, accuracy, range, portability and ease of implementation and use for numerical applications. Floating point arithmetic uses IEEE 754 standard that is used by most computer manufacturers which makes it easy to use and manipulate floating numbers. Is the floating point format...
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...Precision Worldwide Inc. Precision Worldwide, Inc. (PWI) has a plant located in Germany which manufactures industrial machines, equipment and replacement parts for sale in numerous countries. Repair and replacement parts, which accounted for a substantial part of the company’s business is now facing a dilemma, a new competitor has entered the market with a replacement part, a plastic ring, which PWI had in the past used a special steel to produce. During a meeting with the general manager, Hans Thorborg, the general manager of PWI’s plant in Germany, wanted to discuss with his sales manager, accountant and development engineer the introduction of the competitor, a French firm Henri Poulenc and the plastic ring substitute they produce (Bruns, 2004). The plastic ring produced by Henri Poulenc is created at a fraction of the cost of the steel rings that PWI currently produces, and was found to last four times longer than the steal ring (Bruns, 2004). Many strategies were discussed by PWI’s management team on how to respond to this new competitor along with discussions regarding what to do with the special steel the company has on hand. Analysis The main topic of discussion and concern is the company losing on profits if they do not begin manufacturing their own plastic ring. Which leads to the next questions how to market and price a new line of plastic rings and the big question what to do about the special steel they use to produce steel rings. If PWI sells on a new line of...
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...Taylor Willi Ms. Hutchens ENGL 1121-91 13 November 2014 Precision Music The intense energy of EDM has caught the attention of pop culture around the world. EDM or electronic dance music has been having a parallel climb with computer development. Starting as far back as the 1970’s when traditional instruments were slowly leaving music to create this new genre. In the late 80’s house music had exploded in Germany and all over Europe. It took until the late 90’s for EDM to hit America. This new genre has started out relatively subtle, sticking to its underground roots. It wasn’t until 2011 when EDM began its explosive introduction into the United States. This has resulted in EDM evolving more than it has in years. In addition to the general public, colleges have implemented electronic music production into their programs. This has helped the evolution of EDM. Another contributer to the rise in popularity has been DJ’s playing EDM in clubs, introducing it to a wider audience. Being in the spotlight has brought many people to offer their support for EDM. Some say this can wither away the genres credibility. With so many people involved in the EDM scene, big companys see the opportunity to exploit it with inexperienced producers creating music to advertise for these companys. But with the EDM scene being so diverse and unique, it has done well in keeping disconnected from these money hungry companys. One way it has done this is by giving birth to a new type of music producer:...
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...Performance at Precision/Case Study #1 Jackson Smith has his work cut out for him in his task to implement a merit pay program that would tie to Precision’s performance appraisal process. According to Martocchio, a merit pay program assumes that employee’s compensation over time should be determined by differences in job performance. In other words, employees earn permanent merit increases based on their performance. The overarching challenge to overcome is that merit pay is considered an entitlement by the employees at Precision since everyone has received the same percentage increase across the board regardless of performance. Jackson is likely to experience strong resistance to the change, especially by those who are low performers. Additionally, the supervisors clearly are not trained in giving effective performance appraisals as most employees are rated as average and employees are only provided feedback one time per year. Another big hurdle is the lack of job descriptions. Without having a job description that clearly states expectations, a merit program cannot be established that would tie to the performance appraisal process as pay increases would continue to be based on the subjectivity of the supervisor. I believe that Precision wants to make a commitment to develop a pay plan that will motivate and reward group behavior. Gaining acceptance of the program will be crucial in creating a unified organizational culture. Precision clearly realizes that they need...
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...9-197-103 REV: MAY 21, 2004 WILLIAM J. BRUNS, JR. Precision Worldwide, Inc. In late May 2004, Hans Thorborg, the general manager of the German plant of Precision Worldwide, Inc. (PWI), scheduled an afternoon meeting with his sales manager, accountant, and development engineer to discuss the introduction by the French firm Henri Poulenc (a competitor) of a plastic ring substitute for the steel retaining rings presently used in certain machines sold by Precision Worldwide. The plastic ring, new to the market, not only had a much longer life than the PWI steel ring but also apparently had a much lower manufacturing cost. Thorborg’s problem stemmed from PWI’s large quantity of steel rings on hand and the substantial inventory of special steel that had been purchased for their manufacture. After a thorough survey, he had found that the special steel could not be sold, even for scrap; the total book value of these inventories exceeded $390,000. For nearly 90 years PWI had manufactured industrial machines and equipment for sale in numerous countries. The particular machines involved in Thorborg’s dilemma were made only at the company’s plant in Frankfurt, Germany, which employed more than one thousand people. The different models were priced between $18,900 and $28,900 and were sold by a separate sales organization. Repair and replacement parts, which accounted for a substantial part of the company’s business, were sold separately. As with the steel rings, these parts could often...
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...INTRODUCTION The storage and representation of numbers in a computer can lead to costly mistakes because of precision errors. When using floating point numbers, one must make sure that the correct number of digits is used in a calculation because rounding errors can produce values that lead to errors. Consider the floating point format, exponential format, and binary coded decimal (BCD). OBJECTIVE 1. Analyze the floating point format in order to: o Determine how floating point numbers are stored in memory. o Discuss the ease or difficulty of manipulating and using floating point numbers in arithmetic calculations. Determine whether or not you believe that the floating point format is memory efficient. Provide a rationale to support your answer. Analyze the format used to store numbers using the binary coded decimal format. Determine whether the BCD format is more or less memory efficient than the floating point format. Compare and contrast the BCD format to the floating point format in terms of: o precision o performance in calculations o memory usage Select the format (floating point format, binary coded decimal (BCD), or exponential format) that you would recommend for processing efficiency and explain why. Floating point numbers can introduce rounding errors in the banking industry, which may lead to financial benefit for the bank but not for the customer. Analyze the ethics of knowingly benefitting from rounding errors. Propose a plan on how the...
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...© Copyright by Institute of Organization and Managment in Industry „ORGMASZ” Vol 1(1); p. 37 - 45 Year 2008 10.2478/v10061-008-0005-y Intellectual Capital Measurement Methods Jolanta Jurczak* Introduction Evolution of economy has caused important changes in activity of companies on the global market. Nowadays we are observing a growth the importance of intellectual resources as an effective tool for increasing corporate competitiveness. This fact has caused the need to manage companies and to measure their performance in a new way. Measuring Intellectual Capital is essential and very important in order to compare different companies, to estimate their real value or even to control their improvement year by year. Also to improve the way in which companies manage its intellectual resources that generate value and give back some benefits in consequences maximizing advantages for the company. Authors like Kaplan and Norton (1996), Stewart (1997), and Kerssens (1999) use phrases like “If you can’t measure it, you can’t manage it” to justify the search for new Measurement Methods.1 But to measure Intellectual Capital is necessary to determine exactly what the Measurement Methods are, which are the best and which the company should choose to evaluate its assets in proper way. Properly using Intellectual Capital Measurement Methods can cause the creation of competitive advantage and in consequence create development of the whole company at the present day. The Concept and Classification...
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...COLD CHAIN PERFORMANCE ISSUES The cold chain remains one of the most important ways to preserve perishables and deliver them to market in good condition. The various requirements for success in the cold chain are identified, and examples of what can go wrong are given. Environmental issues are considered. Solutions for the future relating to produce, equipment, stowage and handling, and logistics are identified. The main requirements are for education and training and for provision of good operating systems. 1. INTRODUCTION The cold chain is generally considered as the transport and storage chain between the initial production and the final consumer of temperature-controlled perishable goods. This is not a complete definition, as there are other items carried under temperature control, for example works of art. For the purposes of this paper, only the transport and storage of perishable foodstuffs and pharmaceuticals will be considered. There are many types of cold chain. They may be categorised by carriage mode, by commodity, or by location and duration of transport. Air freight is generally limited to goods at chilled or ambient temperatures. Sea containers are universal in their application. Refrigerated ships carry bulk commodities in their holds, though increasingly these ships also carry containers. International land transport by road and/or rail is able to carry anything. Local distribution generally excludes the movement of bulk frozen goods. At...
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...The Goonies/ Formal Organization I. Hierarchy of Authority a) Mikey- the leader, knowledge of the treasure and story of the treasure, desire to fix the problem (he knew Chunk would drop the framed map, Chester Copperpot, holds the dab loon), persistent in his desire to find the treasure b) Data-Gadgets c) Chunk-reluctant member; recruitment(Sloth) – knows the Fratelli’s are bad; reluctant “ I don’t want to go on any more Goonie adventures”; his reluctance leads to him being left behind; d) Mouth- Spanish translator e) Brand thinks he’s in charge because he is the oldest II. Pattern of Reporting relationships a) Each person that is involved with the group reports somewhat to Mikey. Mikey reports to no one but his older brother b) The idea of the Goonies seems to be Mikey’s idea and anything involved regarding the group gets run by him. c) Mikey has little control of reporting relationships and is trumped to a degree by his older brother III. Formal measurement, evaluations, and control systems a) the formal measurement of the group would be if they succeed in fending off the developers and if they find one-eyed Willie’s treasure. b) division of activities are based on individual strengths- interactions are not required but wanted by the individuals c) Control of the group is informal based on the members have little knowledge of what tasks they’ll be performing next d) Fratelli’s...
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...skills in designing and implementing such plans” (pg. 60). Types of Performance Appraisal Plans includes: Trait systems; Comparison systems; Behavioral systems; Goal-oriented systems. Response to number 1: The problems with Precisions’ performance process that might cause challenges for Jackson to implement a merit pay program are three in total. First, employees do not have written job descriptions that clearly state their performance expectations. This will cause a challenge in implementing a merit pay program because job descriptions are a product of job analyses which provides the supervisors a the tool to create objective performance measures. Second, rating all employees about the same can cause employees to level charges of illegal pay discrimination against the employer based on the Equal Pay Act of 1963. Third, employees and supervisors communicate very little about performance. This will cause a challenge in implementing a merit pay program because employees must clearly understand what they need to do to receive merit increases and what the rewards for their performance will be. Open communication helps an employee develop reasonable expectations and encourages him or her to trust the system and those who operate it. Response to number 2: Precision would be recommended to complete following steps to make the performance appraisal process align it with a merit pay program: 1. Link Performance Appraisals to Business Goals – the standards by which employee performance...
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...industry. Knowing and understanding customer needs is at the center of every successful business, whether it sells directly to individuals or other businesses. Once you have this knowledge, you can use it to persuade potential and existing customers that buying from you is in their best interests. However good your product or service is, the simple truth is that no one will buy it if they don't want it or believe they don't need it. Don’t be afraid to let go of what you have today for tomorrow’s success if you have all the right tools to make the right choices for the business. Hans Thorgorg the general manager of Precision Worldwide Inc (PWI) has to face this dilemma utilizing some of his key personnel to devise the right plan to cut company loses in order to get ahead of his competitors or continue to press forward with business as usual. Precision Worldwide,Inc (PWI) is a manufacturing company of industrial machines and equipment for almost 90 years. One of their plants located in Frankfurt, Germany, produces a particular model at a price ranging from $ 18,900 to $ 28,900. Moreover, the plant has another department that manufactures steel retaining rings. These rings are considered as an integrate part of the machines they are actually manufacturing. This department can sell their rings either internally or externally because they are a large market and demand for this product. The general manager of the German plant, Hans Thorborg has been considering the...
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